📉 BNB/USDT Perp – Triple Top Breakdown (Short Bias) On the 5-minute timeframe, BNB/USDT has formed a clear Triple Top pattern near the 955–958 resistance zone. 🔍 Technical Breakdown: Price was rejected three times from the same resistance area (≈955–958) The neckline around 947–948 has been broken Current price is trading below the neckline, indicating bearish continuation RSI ~39, below 50 → bearish momentum, not oversold yet MA(50) lost support, price moving toward MA(200) 📊 Trade Idea (Educational): Position: Short Entry: ~948 Stop Loss: 958 (above resistance, clean invalidation) Targets: First reaction zone: 940–938 Main target: 930 (MA200 + previous support) 📌 Key Notes: A retest of 948 is normal after a neckline break Rejection from 948 strengthens the bearish setup A strong 5m/15m close above 958 would invalidate the triple top 🧠 Conclusion: The structure currently favors downside continuation unless resistance is reclaimed with strong volume. Risk management is key. ⚠️ This is not financial advice. Always manage risk and trade responsibly. If you want, I can also: Make it shorter / more aggressive Rewrite it as a scalp-only idea Add hashtags optimized for Binance Square Just tell me 👍#bnb #BNB_Market_Update #BTC #ETH #FutureTarding $BNB
My view: BNB may see a short-term pullback or consolidation, but the overall trend is still bullish. Why (based on the chart): Price is well above MA(50) ~ 913 and MA(200) ~ 910 → strong uptrend 924–925 is a clear strong resistance (previous rejection area) A series of strong green candles → profit-taking is likely Possible scenarios: 1️⃣ Pullback scenario (more likely): Price may pull back to 920–918 (support zone) If this area holds, price could move up again toward 930+ 2️⃣ Breakout scenario: If price breaks 925 with strong volume, Then a fast move toward 935 → 950 is possible My opinion (simple): Chasing longs here is risky Long on pullback is safer Near resistance, short scalping is possible with confirmation#bnb #BTC #Binance $BTC $BNB
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